>> In 2023, the average settlement was $8.4 million.
Protection Matters for Plans of All Sizes
Fiduciary responsibilities for employee retirement plans carry risk and can expose plan sponsors and company officers to potential lawsuits. Recent settlements have reached millions of dollars, impacting companies through financial exposure, brand reputation damage, recruitment challenges and client relationship strain.
Most common claims:
• Excessive fees
• Poor investment performance
• Improper fund selection
Don't wait for litigation. Assess and protect your plan today.
2. Complimentary fiduciary liability insurance review and with potential for enhanced fiduciary liability insurance coverage
3. Fiduciary training for committee members
Offered by three industry leaders, this integrated solution delivers the proactive and reactive protection plan sponsors need—going beyond typical Director and Officer coverage to specifically protect against plan litigation and DOL audit risk.
POWERFUL BENEFITS FOR YOUR PLAN AND YOUR PARTICIPANTS
Expert Benchmarking by Fiduciary Decisions
• Compares fees against quality, value, service and extras received
• Validates plan competitiveness by providing plan design and outcomes data
• Documents prudent decision-making
• Reduces plan litigation and DOL audit risk
Industry-Leading Protection
• Premier fiduciary liability coverage from Encore Fiduciary
• Best-practice training from Fi360, a Broadridge Company
COMPREHENSIVE PROTECTION, BUNDLED PRICING
Save with our Triple Advantage Package
✓ Complete protection and fiduciary risk coverage
✓ Streamlined, documented process
✓ Industry's most trusted providers
✓ Additional annual subscription savings
Fiduciary Decisions' Proprietary Database
We've worked with service providers to build the broadest, deepest, most accurate database in the industry.
375,000+ Plans
All Market Segments
(53% of Plan Universe)
$71 Trillion in Plan Assets
160+ Recordkeepers
1000s of Advisors
Founded in 2008, Fiduciary Decisions is the industry leader for independent, comprehensive, and actionable decision support systems for the retirement industry. Grounded in unparalleled data, technology, and innovation, we work side-by-side with you to ensure the best possible retirement decisions for you and your clients. Fiduciary Decisions’ flagship product is the Value and Fee Benchmarking with FEEPOINT® calculation report, which is considered the gold standard for determining fee reasonableness for defined contribution plans.
At Fiduciary Decisions, our goal is to collaborate with and strengthen all constituents of the retirement industry, helping service providers and plan sponsors, as well as plan participants and investors make fact-based decisions for successful retirement outcomes.
Broadridge Fi360 helps individuals and organizations use prudent fiduciary practices to profitably gather, grow and protect investors’ assets. Since 1999, Fi360 has been providing innovative solutions to financial services providers, including the AIF® and AIFA® Designation programs, the Fi360 Toolkit™ software, the Fi360 Fiduciary Score® and Fiduciary Essentials® training.
Encore (formerly Euclid) Fiduciary is a premier fiduciary liability insurance underwriting company. We protect America’s employee benefit plan sponsors based on our superior fiduciary expertise and experience. We are known as fiduciary liability thought leaders and advocates for America’s plan sponsors. Starting in 2011, Encore Fiduciary has grown into the choice of many of America’s most sophisticated and complex single-employer, multi-employer, and governmental employee benefit plans. Every Encore Fiduciary professional represents our distinctive brand of relentless dedication and expertise to protect America’s benefit plans.